General News

Olsen Twins Takeover Business

By:
Jan 31, 2005 | 1:46pm EST

Ashley and Mary-Kate Olsen have taken complete control of their business empire by buying out the lawyer who made it all possible.

Robert Thorne was more than happy to sell his minority stake in Dualstar LLC--the company which markets products bearing the twins' names--after the 18-year-olds made him an offer he couldn't refuse.

Thorne helped the teen millionaires run Dualstar for 15 years, which manufactures clothes, make-up, books and DVDs under the stars' names.

Thorne says, "The decision was to respect their desire to take the helm perhaps a few years earlier than I had anticipated. I didn't want to stand in their way provided I was taken care of, as I was handsomely."

Ashley enthuses, "I am truly excited to continue the Dualstar legacy we built with Robert and work hand in hand with Mary-Kate to push the company to even higher heights."

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